torsdag 19 juni 2014

Italy - Costa Rica (Technical Trade)

Some strange market behavior on Italy v. Costa Rica yesterday. Could cash in some money on trading support and resistance levels. I could identify 1.60 as an initial support level once the market settled down (blue line). This was then broken and acted as a resistance level (red line). Then market traded well below for a while before sharply turning up and bouncing off the resistance level at 1.60 again. I backed Italy for 1.60 and placed a lay bet at 1.56 straight away and was matched a little while ago. €4 on all outcomes. Easy money and on top of the technical case for this trade I've noticed that the market loves the "big" teams in this WC. Even Spain which was hopeless v. Netherlands playing a Chile that impressed in their first game steamed from 1.75 to 1.60 at kick off, and went on to lose 0-2.



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